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For Sale · Specialty

10 3 Street SE, Redcliff

10 3 Street SE, Redcliff, AB T0J2P0

$289,900 total

4,217 SF

Asset Class

Specialty

Size

4,217 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$69

Occupancy

95%

Year Built

1910

About this property

PRICED TO SELL! Excellent opportunity to own a versatile commercial building in the heart of Redcliff. Offering approximately 2,800 sq. ft., this property allows you to operate your own business while generating additional income from the spacious 3-bedroom residential suite upstairs, currently occupied by long-term tenants. Ideal for an owner-operator, investor, or someone looking for a live/work opportunity. The main floor offers flexible space for retail, office, or service businesses, with the current retail business available for purchase separately, if desired. Numerous upgrades have been completed, including LED lighting, updated flooring, fresh paint, fire-rated ceiling construction, and a new hot water tank. Run your business, earn rental income, or make this your own live/work property. Great potential at an attractive price! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$290K
Down payment30% · $87K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$19K

Annual cash flow

$3K

Cash-on-cash

3.50%

DSCR

1.19

Going-in cap

6.59%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners1,855 SF2030-05
Halcyon Wealth Partners990 SF2030-05
Halcyon Wealth Partners1,148 SF2030-05

Area demographics

Trade area within 3 miles of the property.

Population

40,917

Households

14,860

Median income

$66,500

Median age

37.6

Daytime population

64,109

5-yr growth

3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 10 3 Street SE, Redcliff.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.